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Provincial Mini-Budget Highlights

The Ontario government has issued its fall economic statement and mini-budget.

Finance Minister Rod Phillips introduced the PC’s plan moving forward on Wednesday at Queen’s Park.

There is money going back into some provincial programs which had funding cut.

Phillips announced $1.3 billion in extra spending for autism and child benefit programs.

There is also a reduction in the small business corporate income tax from 3.2% from 3.5%.

The deficit is forecast to be $9 billion down from $10.3 billion announced in the spring budget.

The government is forecasting a $1.3 billion improvement to its deficit projection for 2019-2020.

Phillips adds they are taking steps to end hallway health care with an additional $68-million investment in small, medium-sized and multi-site hospitals.

The province is also proposing to reduce the aviation fuel tax rate in the north to 2.7 cents per litre from 6.7 cents per litre.

https://twitter.com/RodPhillips01/status/1192287556223811584

 

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